A grantor retained an easement over conveyed land. What is this called?
A. A reservation
B. An exception
C. A codicil
D. An after-acquired interest
Answer: A. A reservation
Business
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Which of the following is the first level of organizational culture?
A. unconscious assumptions B. values C. desirable behaviors D. visible artifacts E. intangible beliefs
Business
An agent appoints a subagent. According to the law of agency,
A. An agent has inherent authority to appoint subagents. B. The principal's intention to permit an agent to delegate authority may be indicated by the character of the business. C. A subagent may bind the principal even if his or her appointment was not authorized. D. If appointment of the subagent was authorized, the subagent owes a fiduciary duty to the agent but not the principal.
Business